Refer to the figure below to answer the following questions.
The figure shows the market for shirts in Canada, where D is the domestic demand curve and S is the domestic supply curve.The world price is $20 per shirt.Canada imposes a tariff on imported shirts of $4 per shirt.
Figure 31.2.1
-Refer to Figure 31.2.1,with the tariff Canadians buy ________ million shirts per year.
A) 48
B) 32
C) 16
D) 24
E) 40
Correct Answer:
Verified
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